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There are 68,919 results that match your search.68,919 results
  • Credit Lyonnais in $150mn Executive Life settlement
    The long-running saga over Credit Lyonnais' illegal takeover of the distressed Californian life insurer Executive Life took a further turn last week, after the French bank agreed to settle with an American International Group (AIG) subsidiary.
    10 October 2011
  • AIG settlement given preliminary approval
    A settlement between embattled US (re)insurer American International Group (AIG) and a group of institutional investors from Ohio has been given preliminary approval by a district court judge, potentially winding up a long running saga.
    10 October 2011
  • Axa strikes up new Calypso
    French insurer Axa has become the first sponsor to bring a cat bond issuance in the fourth quarter with a new Calypso Capital offering covering European wind risk.
    10 October 2011
  • UK quantitative easing adds to long-term doubts
    Amid the swirling market turmoil on the continent, the UK Bank of England (BoE) has announced it will pump an extra £75bn into the economy by extending its quantitative easing (QE) programme, adding to the litany of challenges facing the UK insurance sector.
    10 October 2011
  • French (re)insurers lead CDS spread widening
    The cost of insuring against French (re)insurers defaulting has made the largest leap among European peers amid the uncertainty on the continent over sovereign debt holdings, according to pricing data compiled by Fitch.
    10 October 2011
  • Amlin’s punishment does not fit the crime
    Amlin's travails with the integration of ACI and its punishing international catastrophe losses do not justify the extent of the fall in the Lloyd's (re)insurer's share price over the last two months, analysts have said.
    10 October 2011
  • Lloyd’s reaches compromise on offshore energy liability packages
    In the face of market criticism, Lloyd's performance management director Tom Bolt appeared to have struck a compromise over controversial proposals on offshore energy liability underwriting last week.
    10 October 2011
  • Revised BI claims push up major 2011 energy losses
    Estimated insured losses from two of this year's largest energy claims have increased significantly due to business interruption (BI) claims, it emerged last week.
    10 October 2011
  • WR Berkley reports $60mn Q3 losses
    Specialty insurer WR Berkley reported pre-tax catastrophe losses of $50mn-$60mn for the third quarter, including reinsurance recoveries and reinstatement premiums.
    10 October 2011
  • Endurance’s $99mn loss bill highlights that Q3 is not just Irene
    Bermudian (re)insurer Endurance has announced that it is expecting $99mn of cat losses in the third quarter - demonstrating that Hurricane Irene was not the only major nat cat loss in the third quarter.
    10 October 2011
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